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Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - 2013

This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate … condition for the GDP growth rate (i.e. the GDP growth rate has to be lower than the real interest rate). First, on the … than the GDP growth, it corresponds to 75% of the cases of the increases of the debt/GDP ratio but to only 43% of the cases …

Persistent link: https://www.econbiz.de/10010311966

Catching The Drivers of Inclusive Growth in Sub-Saharan Africa: An Application of Machine Learning

Ofori, Isaac Kwesi - 2021

and predicting inclusive growth. To address this, I train the machine learning algorithms for the Standard lasso, the … comprising 97 covariates of inclusive growth for 43 SSA countries. First, the regularization results show that only 13 variables … are key for driving inclusive growth in SSA. Further, the results show that out of the 13, the poverty headcount (US$1 …

Persistent link: https://www.econbiz.de/10012582730

Systemic Fear, Modern Finance and the Future of Capitalism

Bichler, Shimshon; Nitzan, Jonathan - 2010

Existing theories of political economy, liberal as well as Marxist, see capital as a dual entity. According to these theories, the "real" essence of capital consists of material/productive commodities, while the "financial" appearance of capital either accurately mirrors or fictitiously distorts...

Persistent link: https://www.econbiz.de/10011644934

Israel's Global Capitalism

Bichler, Shimshon; Nitzan, Jonathan - 2004

The flaring up of the Israeli-Palestinian conflict in the early 2000s caught most experts by surprise. The 1990s euphoria of the Oslo ‘peace process’ suddenly dissipated, replaced by a second intifada; the newspeak of ‘peace dividends’ gave way to debates about ‘imperialism’; and instead...

Persistent link: https://www.econbiz.de/10011644920

New Economy or Transnational Ownership? The Global Political Economy of Israel

Bichler, Shimshon; Nitzan, Jonathan - 2002

An analysis of the political economy of Israel during the 1990s.

Persistent link: https://www.econbiz.de/10011644922

Global Accumulation and the New Middle East Wars

Bichler, Shimshon; Nitzan, Jonathan - 2002

The unravelling of the Middle-East peace process continues to baffle the pundits. The early optimism of the Oslo peace accord has now turned into despair. Prime minister Rabin was assassinated by a Jewish extremist. The Palestinians have embarked on a new Intifada. And Israel has re-occupied...

Persistent link: https://www.econbiz.de/10011644923

The End of Neoliberalism?

Bichler, Shimshon; Nitzan, Jonathan - 2003

This article was commissioned by the French newspaper Le Monde. The newspaper was one of several sponsors of an International Conference on Global Regulation, held at the University of Sussex on May 29-31, 2003, where we presented a plenary paper. As part of its sponsorship, Le Monde agreed to...

Persistent link: https://www.econbiz.de/10011644925

New Imperialism or New Capitalism?

Nitzan, Jonathan; Bichler, Shimshon - 2004

Over the past century, the institution of 'capital' and the process of its 'accumulation' have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this mimeograph is to address this mismatch. Using a...

Persistent link: https://www.econbiz.de/10011644926

The Scientist and the Church

Nitzan, Jonathan; Bichler, Shimshon - 2005

The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...

Persistent link: https://www.econbiz.de/10011644928

Israel's Roaring Economy

Bichler, Shimshon; Nitzan, Jonathan - 2007

Many observers of the Israeli scene have been perplexed by the country’s apparent resilience to bad political news. The headlines of late seem uniformly dreadful. While the country is still licking its wounds from a botched, if not humiliating war with Hezbollah, the Palestinian territories...

Persistent link: https://www.econbiz.de/10011644929